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+--- Thread: Zeihan on European powers leaning Right in elections + Half of China is bankrupt? (/thread-16035.html)
Zeihan on European powers leaning Right in elections + Half of China is bankrupt? - C C - Jun 15, 2024
Chinese media admits: half the country is bankrupt
https://www.youtube.com/watch?v=GeqoxBqNaFo
VIDEO EXCERPTS: First up I wanted to examine an excellent deep dive report on China's local fiscal crisis, published today by Chinese financial media outlet ___. I believe it's one of the most underappreciated crises in the country today. Now the outlet argues that China's campaign to reduce hidden borrowing -- parked on the balance sheets of local government financing vehicles -- has left many heavily indebted authorities struggling to find investment and support their economic growth. [...] Local officials across the country scrambled to comply with two documents released by the state council -- one in September and one in December -- to tackle excessive local government hidden debt. A state of affairs which places over half of the country's local governments on the verge of bankruptcy...
Chinese Media Admits: Half The Country Is Bankrupt
Major European powers lean Right in recent elections
https://youtu.be/QElDCL2jHUk
VIDEO INTRO: The recent European elections yielded some significant gains for hard-right parties in a number of countries. Today, we'll be focusing on Germany, Italy, and France, and whether these shifts are game-changers or more political minutia...
Major European Powers Lean Right in Recent Elections